Mehrnaz Chitsaz

Real Estate Market Still Active

It is good to know that Real Estate Market is still hot not only in BC, but all across Canada.

There has been a two week wait in line to buy a unit in for an eighty story building in Toronto, priced between 1/2 million dollars to $8 million. Interest rates are untouched in Canada. Prime staying at 6.25%. Afordibility is still there.

There are amny new constructions in greater Vancouver which have line ups, too. A building in Surrey area was presold in two days. So much demand!!!!!

 

Term	Posted Rates	Our Rates
6 Months	6.75%	6.25%
1 year	7.25%	5.55%
2 years	7.40%	5.65%
3 years	7.35%	5.70%
4 years	7.40%	5.85%
5 years	7.39%	5.94%
7 years	7.65%	6.05%
10 years	7.90%	6.15%
Variable Closed	Prime	-.75%
Variable Open	Prime	-.50%
Lines of Credit	Prime	6.25 %
Prime Rate	6.25 %	6.25 %

 

 

This week’s specials

Variable Rate Mortgage Prime - 75%*

5 year "no frills" quick close 5.89%*

*OAC Some terms and conditions apply, Limited time offer